Home Africa Nigeria: Wema Bank records 135% profit growth — Africa Links 24

Nigeria: Wema Bank records 135% profit growth — Africa Links 24

Nigeria: Wema Bank records 135% profit growth — Africa Links 24

Africa Links 24 with Agency Report
Published on 2025-03-30 21:39:28

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Wema Bank has recorded a profit before tax of N102.51 billion. This marks an increase of 135 per cent compared to the N43.59 billion recorded in 2023.

The bank has proposed a dividend of N1.00 per share following its strong financial performance in 2024.

In a statement by the bank on Sunday, its balance sheet remains structured, diversified, and resilient, with total assets growing by 60 per cent to N3.585 billion in 2024.

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Total assets had stood at N2.240 billion in 2023. The…

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